If you have patience, you really don't even have to learn any technical analysis. If you buy in whenever and sell at the next all time high then buy in during a big dip again, you'll make money. This is kind of what I have been doing with my free $5 from Robinhood as an experiment to see how high I can get it. I've already almost 4x the balance on there and we haven't even been in a good bull run since I've started. Haven't looked at a chart once for it.
That is not right mate, what you said is contradicting. Patience is required and I agree to that but I do not agree when you said that technical analysis is not important. You said buy with the dip but we cannot know if the dip will dip more without using technical analysis. Buying dip is a counter trend strategy where there is high risks but there are also high rewards. For newbies it is not preferable to use due to their lack of experiences. |
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It's a very ambitious plan. I have a few questions though, since the ones that may be following this find this useful (maybe you should even put it onto your website). 1. Do you have any trading background / experience (crypto, forex, stocks)? 2. Do you use trading and/or arbitrage bots? I'd like to also warn you that you should use at least 2 different ways of trading, and/or not trade always "all in" because the bigger fluctuations may make you lose everything. Of course, if you have big experience you know this very well. Good luck and happy fishing  Most of the answers are saying it is possible but for me it is not possible. Even professional traders will see it as unrealistic because of the high expectation. Maybe if he will increase more his capital then there is possibility that he can achieve his goal. I'm a trader with 3 years of experiences and doubling my fund takes months for me. I have also having a hard time when the market is bear because of the selling pressure. |
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I do not hold for a long period of time because it is not preferable strategy for me. There are opportunities that I may miss if I will just hold my coins. I'm trained to see opportunities and that is why short term trade is good for me. I have also have average holding period of 4 days and it is the reason why I used to trade in short period of time. I do not speculate also because the risks are high where I can lose money if I will just rely on luck and hope.
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We have different ideas and perceptions, I respect your opinion but I do not agree to what you said. Even though there are altcoins that are cheap to buy, we cannot stil guarantee the returns that we can get. I still prefer to make investment with bitcoins than altcoins. Only few altcoins that I keep acquiring because I want my portfolio is consisting of potential cryptocurrencies.
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The thing that really drives me nuts are the market manipulators. I can't even count how many times I bought in to a trade and it looked like it would be a really quick trade when someone comes and puts $10,000 on the sell side of things to try and force the price down into his buy orders. I know they usually pull it, but it drives me nuts when the buy order book was low and looked like it was fixing to climb up fast when that guy came and put in a huge sell order.
Even if there are whales or the manipulators in the market, we can still make profit in the market. In every type of financial markets, there are manipulators. I do not know why there are traders that blaming the whales when they lose in trading. We can still avoid major dump if we have proper risk and management where we have automated stop loss to cut our positions immediately. |
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Sa wakas na break din ni Bitcoin ang $9k barrier kaya lang short live lang ang pagkakabreak nya at hindi siya nagtagal dahil hindi mahold ng buy support ang sell pressure towards that price. Medyo nagkaroon ng retracement si Bitcoin siguro possible na magsideway muna ito ng $8k plus dahil alam naman natin kapag weekend medyo bumababa ang demand sa merkado. Currently at $8.8k plus ang presyo nito sana wag ng bumaba ng husto ang retracement nya para mas madali ng tumawid ulit sa $9k by Monday.
As for now, nag resist yung price ng bitcoin at $9200. Masasabi na msjor resistance yun kasi ang haba ng wick. Pag ininterpret natin yan, ang masasabi natin ay mataas yung selling pressure pag dating sa area na yan. Pero kapag ang price ay na break ang resistance na yan, mag expect na tayo na may upward movement na mangyayari. |
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Probably good to convert some, get the physical gold and keep it somewhere safe.
Hope people don't only convert and collect mere certificates. Holding the real thing and long term storage should matter more, but I wouldn't put too much hope on these things in this current world.
I guess if you don't have the physical gold, you don't have any gold yet
What you choose depends on your purpose for Investing and the level of risks you’re ready to take. If you’re just looking for a safe haven then gold is the right choice, we all have known that for a long time. Gold is a lot stable than bitcoin, and there isn’t much risks for anyone that is investing in it, compared to Bitcoin. Bitcoin has always been my favorite choice because I’m always not a long term investor and it has been working out for me, the investment is usually on a short term. I have been able to make a lot of money through Bitcoin and now I invest long term without minding if the price would fall or not. But people are now calling bitcoin as safe heaven. It is now proven that gold have value that keep increasing over time. For those who want to have safe investment then ignor bitcoin and go into gold. Even there are people saying bitcoin is safe heaven, I still not believing to it because of its volatility. Rich people are protecting their wealth by investing in gold. |
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Are you aware that profit is made from buying ang not from selling, there are a lot of opportunities in trading but we are not used to see it because of the lack of experience and lack of knowledge that we have. If you will ask what is the perfect strategy then I'm sorry because it is not existing, there is no strategies that can be called as holy grail. The right time to sell is depends on our plan and also in our trading psychology.
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There are altcoins that are recovering but there are also altcoins that doesn't have enough power anymore to have a momentum. We should focus on altcoins that have high momentum because those are the ones that have highest market participants where many investors and traders are buying it. Volume is important in choosing potential altcoins, we should ignore the altcoins that have low volume because it is considered as shitcoins.
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Trading is another name of patience and the successful trades are no doubt confident because they have grip on it and knowledge,enough experience abut the market,But without knowledge taking risk and confidence is just gambling.
Professional traders spend more time n analysis and after surety confidently put trade then never believe in any rumor,Here we talk abut excessive confidence so it may sometime become risky and some trader face the losses at the end. Confidence with knowledge bring
When participating in trading, it is necessary to prepare for the knowledge, psychology and strategies because these are the basic things to become a good trader. I think that in order to succeed, any decision needs to be carefully considered and always has the confidence necessary to help you improve yourself. In fact, not everyone is smart enough to do this because when the market is down, they often show their weaknesses. Personally, I always confident and take risks when trading because all my decisions will directly affect the current profit so by all means I must ensure profit in this market. Confidence is what we need and not over confidence. There is a lot of differences between that two that I mentioned. Confidence is important in terms of execution of our trades, we will not worry if we know what we are doing and if we have confidence. Over confidence is something that we should avoid because it makes us to become arrogant. Being a arrogant person is most likely to commit mistakes and that is the reason why we should just be an average trader that have confidence. |
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Dont know whats wrong with the site yet i cant open it even though i have strong and stable connection.Tried for several browsers but still have the same problem.
Okay setting it aside and basing up on topic title on getting improvement with your trading.It might sound easy but wont really be that simple to follow.
Experience would always be the key for you to learn everything.You would face up common mistakes and learn from it until you do learn it gradually
and making you as a better trader as soon you do realize on familiarizing anything on different market situations and corresponding decisions to be made.
The site is accessible on my end. So here are the five ways as mentioned in the article in case you got curious: - Trade With a Multiplier
- Trade on the Short Side
- Set up Automatic Alerts
- Use All the Available Tools and More
- Cut Down Your Fees
The writer is obviously referring to margin trading which is very risky especially for newbies. I don't even encourage average traders to get into margin trading. It is very risky everything is like gambling. So I only agree on the 3rd up to 5th. The 1st and 2nd are case to case basis. Automatic alerts are important specially for those who have full time job. Even if they are not monitoring their portfolio, they can know what is happening through automatic alerts. Proper risk and management can help us to improve our skill, having a stop loss can make us to become a discipline trader. I can define a discipline trade which he/she can control his/her greed, fear and emotions. |
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Yung sa pagiging greedy, doon na ako natuto. Ayaw ko ng maulit pa yung pagkakamali na nagawa ko kasi maraming beses ako nag isip na dapat malaki ang kikitain bago magbenta. Pero sa bandang huli imbis na kumita ay mas natalo pa. Kaya kapag nakita mo na medyo maayos at katanggap tanggap naman yung kita mo, ok na un at kunin mo na agad yung pagkakataon. Maliit o malaking kita dapat wag panghinayangan.
Greed ang sanhi kaya tayo nanghihinayang, alam kong regretful yung mga past decisions natin kaya dapat keep moving forward tayo pero gamitin natin yung mga lessons na natutunan natin sa mga opportunities na ating na let go. Dapat natin tatandaan na ang mga results ng trades natin ay dapat puro win at breakeven kung may losses naman dapat hinde umabot ng -5% para ma protektahan natin ang ating capital. |
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If they really are using Bitcoin in their daily life then this would be a great thing for this cryptocurrency world because people are always following the footstep what the celebrities do, so but I don't think they are using because at the current context there is a little scope of using Bitcoin, honestly saying that Bitcoin should go a long way to get accepted around the world, I think Bitcoin platform or cryptocurrency world should hire some celebrities for the promotional purpose so that it would work as a rapid speed, only a high profile people could bring mass popularity for Bitcoin and cryptocurrency.
It can boost bitcoin's popularity and it can raise awareness, celebrities are influential persons that can influence their fans and audience. There is also celebrity in my country who is using bitcoin and it created hot topic because there are many people who became interested about its usage. The influence that the celebrities creating is big in the cryptocurrency communitt and that is why celebrities can influence other to adopt bitcoin and cryptocurrencies. |
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It is expected because we are still in introduction cycle, many micro businesses are not yet have knowledge sbout the new mode of payment system which are the cryptocurrencies specially bitcoin, introducing other people to adopt bitcoin is not easy as you think. It need more a lot of years before the micro businesses to adopt bitcoin as new mode of payment.
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In my university I saw economics, and it is clearly demonstrable that in many scenarios the economy tries to explain all the phenomena of speculation and inflation, of course that volatility was not contemplated as high as safe investment, as is the case with Bitcoin. (considered high risk) according to some books of economists.
But when a fractal is made in economies such as Venezuela, simply with the traditional economy learned in a university there is no solution, when we consider that Bitcoin works as a refuge value for this country, it is the perfect solution (this happens when inflation exceeds 1000% +), it is chaos, but Bitcoin in particular economies is the best solution. Nowadays, in some universities, like the Spanish ones, they are implementing Blockchain Education, this is an additional advantage because it begins a cycle considering the offer of Bitcoin's existing deflationary economy and cryptocurrencies.
We cannot survive in current society if we do not have knowledge about economics, most universities are required to teach economies to students in order to them to be financial literate. For those who want to become a trader then they shoudl focus on studying economics. Through studying, we can have a knowledge that we can use to make investment in different financial vehicle. |
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There are tips that saying sell on the news and I always cringed if I hear or read about it. Following the price action is the best way in order to grow our capital. We should be a technician and not a fundamentalist. If we follow the price action, then we can know the best time to enter and exit in the market. Chart do not lie so after all so we should focus on improving our technical analysis skill than to enhance fundamental analysis skill.
News can be use as a guide somehow but not entirely hence don't rely on it too much. Much better if we will follow our own intuition that we can get out from the market chart. It is better if we will have our own technical analysis out from the chart, learn how the market behaves and make an analysis out of it. Use all the resources you know that can be helpful such as News and articles in order to create your own. Personal study and analysis gives you the best guide about anything. Market chart is also a good guide as it is made for the traders after detailed analysis and study. Instead of relying on news which are usually not true or mere false analysis, we should rely on trustable source. You can trust on yourself the more as compared to others. The news is not what they claim to be, I have proven many times that good Bitcoin news for the general public means buying so that they do not miss the movement, but in reality what I have verified is that whales are when they sell the most, and when there is bad news, the mass in general sells, which is taken advantage of by the whales because they buy cheaper. It is a criterion that I have personally verified. But the news sometimes causing hype for the trader, if you are fundamentalists then buy on news and also sell in news. I cannot say that fundamentals is better than technicals or vice versa. What I want to clarify is there should be balance between relying in price action and also in mews for us to have better analysis that we can use in order to make profit in the market. |
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Napapansin ko na yung mga pinoy sa forum na ito ay may maling mindset pag dating sa "pag hohold ng bitcoins". Akala natin na ang pag hohold ay pinaka the best strategy pero kasi ang pag hohold ay may perfect timing yan. Ang strategy ko ay kapag downtrend ay hinde ako nag hohols ng bitcoin pero kapag may sign of reversal then I will buy. The best time kung saan pwede tayo mag hold ay kapag ang trend ay bullish. Matatalo tayo palagi sa ating mga trades kapag hinde tayo natuto saating mga past trades.
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I have been working in this financial market for a long time and I know the risk of it is quite high. Therefore, I usually do not allocate too much capital to this market, this is a market full of manipulation. So, I decided to use 30% of my salary every month to invest in the crypto market and I only hold. I think hold is the best way to have a guaranteed profit because trading means we still waste time and pay a lot for our mistakes.
I have savings which the purpose is for investing, the cryptocurrency market is more riskier than the stock market and I allocate 20% of my capital. I diversify my money because it is part of my risk management. I have investment in stocks and also in real estates. We should always remember that investing is making money sith money but there are risks and we can guarantee that we can win in every type of investment that we are making. |
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Prices in USD matter because its where you can profit when you trade BTC and USD. You can buy and sell while BTC price fluctuates. Users asking about prices and debates what the price may be after a week or a month is probably because of trading as well. All of us wanted to profit so getting in at the right time and right bottom price matters.
If someone speculates BTC price goes $130K, you'd best invest now and wait for the price to materialize and then sell. But for someone who will debate, it must be seeing something else in the charts.
There are debates that we keep seeing about the price of the bitcoin because all of us have different mindset and opinions. We are also different when we are analyzing and it is the reason why the results are not the same that can lead to debates. Mostly debates are happening because they are worrying about the price, they always want to say that they are right even the market is now proving that they are wrong. |
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because bitcoin prices dropped as a result no new rich people arrived suddenly. . . on the contrary, many people go bankrupt because they suffer losses ... haha haahaa
No matter, did you forget BTC price down from 19k to 3.5k last year! i think not. So sometime market will up and sometimes down, there is nothing to heart attack hear. Those who want to invest here have to more patience as market is too much volatile   Yes for taking good profit you need to have good patients and when you have no abilities of patients then I think gaining the good profit from crypto currencies is very hard, and yeah you right the crypto market is so volatile no need to be worried about your investment so now the market is going to increase and all thing will be gonna to fine. Patience is the key to success in the world of crypto currencies because currencies take time to increase and decrease in value. There is no way that any coin will increase within day in value. It is a gradual process and patience is important because most of the times people because of impatient nature, give up on coins just a couple of days before the massive increase in values and suffer from huge losses then. Apart from being patient, one has to be vigilant as well. One shall have good command over nerves and must be able to manage stress. People usually out of panic take wrong decisions of buying and selling. For such people, it is good that they don’t visit market on daily basis and even if they do, select one hour only in a whole day to do so. The more time they spend watching prices changing, the more they panic. The 100 moving average is now becoming a support, if the price surpass the 200 moving average then the bearish trend will finally over. The price is no recovering, it is a tough months of bearish trend. I'm glad to say that we manage to survive despite of the obstacles and challenges that we are facing. We handled the risks before, I am sure that the price of the bitcoin will now increase because of the uptrend. |
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